Southeast Asia

PV developer Solar Philippines has issued a statement denying liability to pay PHP24 billion (US$400 million) in penalties from the Philippines’ Department of Energy (DoE).

The British International Investment (BII), has committed US$20 million to Vietnamese lender HDBank's inaugural green bond programme.

Solar manufacturer SEG Solar has started construction on a 3GW ingot and wafer manufacturing plant in Indonesia.

The World Bank will invest in a huge 4GW, 5.12GWh solar-plus-storage complex in Malaysia, which will form part of a pan-Southeast Asian power grid initiative.

Global investment firm Brookfield Asset Management has acquired Singapore-headquartered independent power producer (IPP) Alba Renewables.

The Philippines has awarded Acciona Energía a 20-year power supply contract for a 180MW solar PV project on the island of Cebu.

Mooring solutions provider Mooreast has commenced feasibility studies to develop up to 500MW of floating renewables in Timor-Leste.

The Philippines has awarded 10.19GW of new energy capacity in its fourth auction round, with solar accounting for more than 6GW of capacity.

GCL Intelligent Energy, a subsidiary of Chinese polysilicon producer GCL Technology, has signed shareholder agreements for two clean energy projects in Indonesia with a combined capacity of 200MW.

Leading Chinese solar manufacturer Trinasolar has signed a module supply agreement with Malaysian renewable energy developer Mestron Energy.